Hello, I am a film student considering transferring from my current school the University of New Orleans to Loyola University New Orleans where the tuition is much much higher. Right now, I have absolutely no student debts because my tuition is low enough to be paid off monthly. However, I feel stagnant at my current school and don't see much room to grow in the ways I see myself needing to grow to succeed in the film industry. Loyola I feels provides a better curriculum and environment to challenge me and allow me to grow in ways I need to grow. But as of right now, after a federal subsidized loan of $4,500, and an unsubsidized loan of $2,000, I am still $9,000 short of being able to afford the tuition. The last available option I see is a private student loan (which I am still pretty unfamiliar with). I am pretty terrified to get involved with a private loans because I've been told to avoid them at ALL costs. Also, I'm scared of being in debt for the rest of my life when I don't necessarily NEED to. On the flip side, I worry that I may never be fully prepared for my career path (or even grow as a person) if I were to stay at my current university where I pay no loans.
My parents would potentially be able to pay $3,000 at most to Loyola, so that would bring me down to $6,000 a year in private loans which is more manageable but I have to couple that with $6,500 of federal loans and multiple everything times two considering I have two years left of college. ( Can't forget about the interest also).
I don't know if this debt will be worth the potential outcome and welcome any help. I didn't want to make this too long (this was my first post lmao) but I can answer any questions to help get a better picture of the situation.
Submitted May 23, 2019 at 03:56AM by partynextyear10 http://bit.ly/2VVIp1W
